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Jun 20, 2012
06/12
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the deficit next year's sax increases. >> how he is making decisions in terms of hiring and spending. all right companies are being impacted. when is that? is there a quarter? >> we really think it's going to start hitting the economy in the third quarter of this year. months and months before. >> are these impacts already factors into your estimates on the economy? >> we have very week growth for the second half of this year. >> when you take a look at some of the estimates given by some of your cohorts, do you think that people are accurately putting that into their estimates? >> i don't think it's in the consens consensus. there is a very minor slow down in the first quarter of this year. >> we know these things are not linear. >> it depends on how the news flow pans out. >> that's where really we are going get a lot of information. we will really get clues about where we will get compromise not just the presidency but everything in either scenario. let's say we go all to the left or all to the right. what do you foresee? >> the ironic thing is that you get a very similar size clif
the deficit next year's sax increases. >> how he is making decisions in terms of hiring and spending. all right companies are being impacted. when is that? is there a quarter? >> we really think it's going to start hitting the economy in the third quarter of this year. months and months before. >> are these impacts already factors into your estimates on the economy? >> we have very week growth for the second half of this year. >> when you take a look at some of the...
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Jun 12, 2012
06/12
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we continue to run a deficit. the deficit is on track to be 1$1.3 trillion this year, although slightly less than it was a year ago. some signs that the economy has turned in a positive direction although not nearly as fast as anybody wants. >> john, thank you for that breaking news. in the meantime, i believe you've done pretty great reporting on one particular scott you have been watching and its name is ubiquity networks. >> you are so correct on that. i have talked about the controversy of yubiquity severa times but now this. the ceo buying the memphis basketball game for $350 million. when i first heard this yesterday afternoon, all i could think, why would he do a thing like that? think about it. ubiquity went public at 15, stock shot up to 35 last month making the 34-year-old pera a freshly minted paper billionaire. since then, the stock fell to 4 1/2 now making him a paper hundred millionaire. here's the important point, pera owns a company not growing as fast as it used to. short of slapping that company'
we continue to run a deficit. the deficit is on track to be 1$1.3 trillion this year, although slightly less than it was a year ago. some signs that the economy has turned in a positive direction although not nearly as fast as anybody wants. >> john, thank you for that breaking news. in the meantime, i believe you've done pretty great reporting on one particular scott you have been watching and its name is ubiquity networks. >> you are so correct on that. i have talked about the...
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Aug 22, 2012
08/12
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there is a upside here if you're a deficit hawk, and that is that it goes down dramatically as taxes come in, spinning declines, and spending would shrink. and unemployment would rise to 9.1% by q 4 of 2014. bottom line this is the fourth straight year of deficits with over $1 trillion. >> amazing that we're spending $1 trillion more than we're taking in every year. here we are in the middle of a presidential election. the president is saying we don't want to cut anything, can we really not cut anything? >> of course, not, we have had this conversation. they will aleave wait some of the issues that the cbo brings up. i think they will go into the recession in 2013, and i think they will find ways to fix the fiscal cliff -- you're not going to please everybody on an issue that is so dire and important for the economy. but i think they will find a way to solve the crisis and alleviate and revert. >> and you think this happens right after the election? >> i guarantee. i think they're working on whatever it's going to be right now just in case. how can they not? >> amazing. here we are w
there is a upside here if you're a deficit hawk, and that is that it goes down dramatically as taxes come in, spinning declines, and spending would shrink. and unemployment would rise to 9.1% by q 4 of 2014. bottom line this is the fourth straight year of deficits with over $1 trillion. >> amazing that we're spending $1 trillion more than we're taking in every year. here we are in the middle of a presidential election. the president is saying we don't want to cut anything, can we really...
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May 26, 2012
05/12
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. >> but steve, isn't the threat of the debt and the deficit just as dangerous? >> i think it is more dangerous than the threat of going back into recession. i think the long-term threat posed by the deficit and the debt it is bordering on a national crisis. i'm not fearful of this so-called train wreck happening. i think we needed big spending cuts. i think we are going to have to have tax increases. i don't think congress is going to come to any kind of agreement if in the absence of an agreement that has big cuts and tax increases in it i'm fine with this going into effect the way it is now. >> what is that going to do to the economy? what is that going to do to us? to americans? >> first off this is the cboe making and estimate. if they say seven months we probably started three months guy based on their track record. we are at sort of the marginal return point here where because of slowing where you do the double whammy of tax them again and have 6 or $8 billion sucked out of a $15 trillion economy we don't have the bandwidth and we will be in a recession. >
. >> but steve, isn't the threat of the debt and the deficit just as dangerous? >> i think it is more dangerous than the threat of going back into recession. i think the long-term threat posed by the deficit and the debt it is bordering on a national crisis. i'm not fearful of this so-called train wreck happening. i think we needed big spending cuts. i think we are going to have to have tax increases. i don't think congress is going to come to any kind of agreement if in the absence...
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this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is that obama for another four years? what's going to happen next? >> we will either get a deal and there will be some tax increases, but real spending reductions or some of these only reductions that the president likes to cook up, is he going to and the war for the 11th time? gerri: he scored twice. my real question was, what would happen to the debt president got reelected? we have $5.6 trillion in the last administration, will we get another 5.6 trillion? >> i think we will get another five or $6 trillion. if we cut the deficit now about doing the things we need to do to undo the mess so the economy can grow, we will go into a recession. so once you cut the deficit, you lose it all right there. that is exactly what's going to happen. gerri: the economy really matters. not just for the people putting food on the table, but also whether the federal government can operate in. the cbo has said that if we go over the fiscal cli
this is obama's deficit. it's not bush's deficit. 161 billion, we had all the tax cuts in place. thankfully, we have the prescription drug coverage. gerri: is that obama for another four years? what's going to happen next? >> we will either get a deal and there will be some tax increases, but real spending reductions or some of these only reductions that the president likes to cook up, is he going to and the war for the 11th time? gerri: he scored twice. my real question was, what would...
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Jun 6, 2012
06/12
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but the state of kentucky can not run, you know, $1 trillion deficit. they can borrow money but there are limits to that. same with illinois. same with california. they are up against borrowing limits so their governors will have to make decisions so you always get a little bit better or more acute decisions at the state level than the federal level because we can put it off by printing more money to pay for our debt. >>neil: if i can look ahead to the republican convention, your father has, i guess, suspended the campaign but not stopped it and he is still an active candidate whatever that language is. but do you know what he will be doing at the convention? what he has been promised in will you have a role? >>guest: you know, i don't know and nothing has been explicitly stated to me or to him that i know of. i know that they have several hundred delegates and i know that part of the hope is, they will have influence in creating what the republican party becomes, what the platform is, and, also, what it becomes from here on out, exciting things are tha
but the state of kentucky can not run, you know, $1 trillion deficit. they can borrow money but there are limits to that. same with illinois. same with california. they are up against borrowing limits so their governors will have to make decisions so you always get a little bit better or more acute decisions at the state level than the federal level because we can put it off by printing more money to pay for our debt. >>neil: if i can look ahead to the republican convention, your father...
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May 10, 2012
05/12
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romney, will concentrate on the american economy and what we need to do in this country, again, get our deficit under control and interject confidence into our economy and we just need to, again, understand it is free dome and free enterprise system that will make our system better here. i'm worried about europe in terms of the contagion that could cross over into america, i'm not particularly worried from the standpoint of their policy. they will fail. and unfortunately that could have effects over here but i don't see what we can do, the french people, unfortunately, have chosen the wrong path. >>neil: quickly, the president, senator, out of nowhere, really, changes his stand on gay marriage. speaker boehner questioned the timing of it, do you? >>guest: well, it is all timed to raise funds and just another distraction, the president can not run on a record so he will, every week, roll out some new distraction to make sure that the american people are not concentrating on the economy. but, again, i agree with governor romney i don't think the american people are stupid we will hold the preside
romney, will concentrate on the american economy and what we need to do in this country, again, get our deficit under control and interject confidence into our economy and we just need to, again, understand it is free dome and free enterprise system that will make our system better here. i'm worried about europe in terms of the contagion that could cross over into america, i'm not particularly worried from the standpoint of their policy. they will fail. and unfortunately that could have effects...
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Dec 18, 2012
12/12
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neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. [ morgan ] what's better than epic offers from visa like 20% off ea sports madden nfl 13? you should never go forth and fourteen, you can't do that. [ morgan ] getting a chance to hang out with madden in his game room. blue go. did you hear the pop? [ morgan ] and barbecue with madden. watch football with madden. learn from madden. was that good, coach? [ morgan ] and get coached by the ultimate coach madden. does all this make sense to you? um, yeah. [ morgan ] yup, pretty epic. join visa nfl fan offers and make your season epic. [ male announcer ] rated e for everyone. neil: if they are still talking, a deal must be in the works. john boehner met at the white house with the president today. great news, righ not necessarily. we have the former secretary to george w. bush. >> good evening. i think i
neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. [ morgan ] what's better than epic offers from visa like 20% off ea sports madden nfl 13? you should never go forth and fourteen, you can't do that. [ morgan ] getting a chance to hang out with madden in his game...
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Mar 10, 2012
03/12
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at this point you can make the point that you're wasting money or deficits in artificial stimulus. i don't think that was the case two or three years ago, and i'm not saying ours was the most brilliant, but we're not in a recession and the trend is your friend and you have to acknowledge a good portion of our stimulus is actually in the form of tax cuts and that's why a lot of the gaps come from, if bob is not for stimulus, but not for extending payroll tax cuts. and right now, probably don't need much longer and causing deficit spending. >> good point, bob, take it on. >> look it, at the end he of the day, here is what i think is the most important. who do you think does a better job, government or business, i think over time. business have proven they'll do a better job. >> and-- >> the pay rows-- >> come on, this is ridiculous. >> hold on, mike, let him take it it $. >> at the end of the day look it. >>-- it can't support his argument. >> brenda: mike, mike, be quiet. >> if you let me finish my sentence, i can. how about this, mike, we're still 5 million jobs behind. 5 million j
at this point you can make the point that you're wasting money or deficits in artificial stimulus. i don't think that was the case two or three years ago, and i'm not saying ours was the most brilliant, but we're not in a recession and the trend is your friend and you have to acknowledge a good portion of our stimulus is actually in the form of tax cuts and that's why a lot of the gaps come from, if bob is not for stimulus, but not for extending payroll tax cuts. and right now, probably don't...
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Nov 13, 2012
11/12
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our deficit is about the same size as t% of gdp is greece. gerri: i know. we are facing problems, hat is for short. i appreciate your coming on tonight. >> always a pleasure. gerri: thank you, secretary perry to have you wnt. thank you so much. meanwhile, congress returned to work tomorrow afte their month-long break. can ey work together to up work and the fiscal cliff. with more, always great to have you. the speaker at a conference call this week with republicans saying get in line because we're going to have to find some common ground. do yu think that wil woork? >> the problem republicans have, they have the leaders looking at that and saying, we will have to give some on revenue and hopefully as the former secretary was discussing, hold the line on rates. there was that little potentia tea leaf in the president's statement the other day where he did not mention higher rates. so it's possible you could have a compromise around cosing loopholes, closing deductions to my getting more revenue. gerri: is that morelikely? that is intresting is that can happ
our deficit is about the same size as t% of gdp is greece. gerri: i know. we are facing problems, hat is for short. i appreciate your coming on tonight. >> always a pleasure. gerri: thank you, secretary perry to have you wnt. thank you so much. meanwhile, congress returned to work tomorrow afte their month-long break. can ey work together to up work and the fiscal cliff. with more, always great to have you. the speaker at a conference call this week with republicans saying get in line...
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Sep 27, 2012
09/12
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we have tremendous deficit. fiscal cliff, health care, it is enormously expensive, it is driving a problem. one of the biggest reasons for dead. >> we need to fix the problems facing people throughout the years. ashley: very good. paul howard, thank you for being here. okay, so if you are fired up about this or any others, send us an e-mail at fox business.com. gerri willis at fox business.com. >> new numbers are out. rich edson is here with the latest details next. this used to be a land where americans dreams come true. did the golden state loses shine for dead? michael reagan weighs in. you play your cards right, you, too, can cash them at mitt romney did on his tax returns. we are on the case on "willis report" yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [ beeping ] these are great! [ beeping ] how are you, um, how are you doing? i'm going to
we have tremendous deficit. fiscal cliff, health care, it is enormously expensive, it is driving a problem. one of the biggest reasons for dead. >> we need to fix the problems facing people throughout the years. ashley: very good. paul howard, thank you for being here. okay, so if you are fired up about this or any others, send us an e-mail at fox business.com. gerri willis at fox business.com. >> new numbers are out. rich edson is here with the latest details next. this used to be...
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Nov 15, 2012
11/12
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how much would that contribute to solving our problems with the debt and deficit? >> very little. one thing, the pure numbers of all. he likes to talk a lot about math. having the top two grades expired gives you 442 billion of the next two years, which is a lot of money, but it's nothing close to the one that and a half trillion he claims it needs and nothing goes to the one half trillion dollar deficit is turning every year. if you're looking to see whether rest of that money is coming from, it's the middle class. you must tell you he can get it all for people making over 250,000 year. the cancer. he wants to talk about nafta many stone up to it. the middle-class is going to be taking a hit as well. gerri: we have a long way to go. everybody says they are in charge. my true belief is nobody is. thank you for coming on. i appreciated. all right. can both sides come together and get a deal done? can we reach a grand bargain? running me know republican congressman. welcome to the show. you have been with us before. we were talking a little earlier about how democrats are trying to
how much would that contribute to solving our problems with the debt and deficit? >> very little. one thing, the pure numbers of all. he likes to talk a lot about math. having the top two grades expired gives you 442 billion of the next two years, which is a lot of money, but it's nothing close to the one that and a half trillion he claims it needs and nothing goes to the one half trillion dollar deficit is turning every year. if you're looking to see whether rest of that money is coming...
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Jul 21, 2012
07/12
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is this that important as to say, tax cuts, this kind of spending when you're looking at the overall deficit, trillions. >> no, i think we're forgetting what caused the bigger gaps. by and large, yeah, they're wasting money, no question about it. but, all of them combined don't add up to just the payroll tax, that's 97 billion dollars or 93 billion dollars we don't have the dough for that's just deficit spending, it's more than the pet projects to get through and the ones proposed combined and it's going to have to be closed, and i will say at this point, the government is borrowing such a low rate, that we have little wiggle room, compared to greece and italy. we have to have a plan to close them in five years, not overnight, we can't do it forever, it's a stimulus program largery from tax cuts and increased spending and closed on both sides not just a few solar loans. >> brenda: toby, is this sinking us deeper in debt? how successful has stimulus been so far in creating jobs? >> i may not be a smart man, but the math. if we're borrowing, 4 1/2 billion dollars a day and read this one, unive
is this that important as to say, tax cuts, this kind of spending when you're looking at the overall deficit, trillions. >> no, i think we're forgetting what caused the bigger gaps. by and large, yeah, they're wasting money, no question about it. but, all of them combined don't add up to just the payroll tax, that's 97 billion dollars or 93 billion dollars we don't have the dough for that's just deficit spending, it's more than the pet projects to get through and the ones proposed...
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Nov 16, 2012
11/12
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you can't solve the problem, the deficit problem, without addressing entitlement reform. that is number one. number two, look, if you say we are not going to affect people who are 55 and old are but this will only make bipartisan changes for people who are under 55, everyone is on board, both republicans and democrats. >>neil: what did you think of that letter that went beyond what was stated in the past going into the talks that everyone would be on the table and if they took it off the table, obviously you have your work cut out. >>guest: you cannot take things off the table. we need to get the big deal done with everything on the table with all the elements i have described. >>neil: thank you, senator. now democratic congressman chris van hollen. >>guest: i think a deal can be reached, the sentiment was good they had constructive talks but as you indicated --. >>neil: what made them constructive? >>guest: in the sense that all parties understood the importance trying to revent us from going over the fiscal cliff but the devil is in the details. we have had the sentimen
you can't solve the problem, the deficit problem, without addressing entitlement reform. that is number one. number two, look, if you say we are not going to affect people who are 55 and old are but this will only make bipartisan changes for people who are under 55, everyone is on board, both republicans and democrats. >>neil: what did you think of that letter that went beyond what was stated in the past going into the talks that everyone would be on the table and if they took it off the...
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Jun 13, 2012
06/12
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a federal deficit expected it top $1 trillion for the 4th straight year. and $423 billion tax bomb that could hit next year if all of the bush tax rates expire on schedule. washington has priors out of whack says my guest. >>guest: well, it was a three-ring circus on capitol hill today. what is infuriating with jamie dimon you listen to the congressmen and i don't think half of them no what a hedge fund is or a lot of the financial instruments and what is interesting --. >>neil: the point is well-taken. >>guest: a lot of the guy whose stand in judgment do not understand the financial markets very well. and i make a key point about the banks at risk. what is interesting about this crisis the last four years if you look at what happened back in 2006 and 2007 and 2008, what were the federal regulators telling banks they had to do to hole as collateral? mortgages. that is how they lost so much money. my point is, anyone who believes that more regulations and more regulators and more congressional oversite over the banks is beginning to prevent this crisis, i d
a federal deficit expected it top $1 trillion for the 4th straight year. and $423 billion tax bomb that could hit next year if all of the bush tax rates expire on schedule. washington has priors out of whack says my guest. >>guest: well, it was a three-ring circus on capitol hill today. what is infuriating with jamie dimon you listen to the congressmen and i don't think half of them no what a hedge fund is or a lot of the financial instruments and what is interesting --. >>neil: the...
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Sep 7, 2012
09/12
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it beats cutting the deficit and the war on terrorism. that's astounding. >> it is to me too. how about the problems all taking a toll on investor confident. frank vogel, author of "waging war on corruption." still, corruption is an issue. andrew stultman says nothing has changed. gentlemen gentlemen, good to see you, who are the villains in your books? is it the banks industry in who are the villains, governments or banks? >> it's politicians and governments who want to abuse power. these are the people who are under mining free markets. hindering democracy. mine is a book about the whole global situation. mostly about the bribe takers and to a lesser extent the brbee payers. it means getting transparency, accountability, and integrity into business, into government, and if you do that, you have really good capitalism, good free markets, and you have democracy. >> you have to admit there have been a lot of headlines in the last few years about people gaming the system, taking advantage of things, going through loopholes and regulations, all in the name of profit and greed. yo
it beats cutting the deficit and the war on terrorism. that's astounding. >> it is to me too. how about the problems all taking a toll on investor confident. frank vogel, author of "waging war on corruption." still, corruption is an issue. andrew stultman says nothing has changed. gentlemen gentlemen, good to see you, who are the villains in your books? is it the banks industry in who are the villains, governments or banks? >> it's politicians and governments who want to...
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Aug 18, 2012
08/12
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before the president came in, he said he was going to do something about the deficits. quotes all over tv and youtube about going line by line and not treating taxpayer dollars like monopoly money. he went the other way. he will have to argue that back and there is no way to argue that. during the debt ceiling negotiation when it came to the head. president put on the table medicare and social security safings. and the speaker of the house would not go anywhere when it came to revenues. >> you cannot spend 1.3 trillion in debt. (talking all at once.) i want you all to stop. you give me a headache and affect my appetite. we don't want to go there. when we come back. did any of you see this? >> for me the intangibles and the teammate and leadership and toughness, and consistency with all thav, that's what separates him. >> you know, you got a guy out there that is going to give you a chance to win. yeah. you know high fives were not for baseball's perfect game. they were for me. and our upcoming coverage of the presidential conventions . we'll be kicking it off on monday
before the president came in, he said he was going to do something about the deficits. quotes all over tv and youtube about going line by line and not treating taxpayer dollars like monopoly money. he went the other way. he will have to argue that back and there is no way to argue that. during the debt ceiling negotiation when it came to the head. president put on the table medicare and social security safings. and the speaker of the house would not go anywhere when it came to revenues....
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Aug 23, 2012
08/12
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it does nothing to put a dent in our deficit. when company after company comes on saying that the uncertainty around the fiscal cliff is already hitting bottom lines and the white house still doesn't compromise on this one issue, what does that tell you? this on the heels of the congressional budget office yesterday joining a long line of others predicting recession in 2013 if nothing is done on the fiscal cliff. all this hangs in the balance. all of us hang in the balance as well. why? because of a fight to tax a small group of earners even more. when white house spokesman jay carney was asked about the cbo report, he deflected those questions. he didn't say much about the same cbo affirming we would have another year of a deficit north of $1 trillion. so we wait as the fingers keep pointing. neither side is expecting an agreement before the election on november 6th. once again, our leadership is ignoring the real issuiing facig americans. the public understands. before we go, let's look at the day on wall street. it was a downe
it does nothing to put a dent in our deficit. when company after company comes on saying that the uncertainty around the fiscal cliff is already hitting bottom lines and the white house still doesn't compromise on this one issue, what does that tell you? this on the heels of the congressional budget office yesterday joining a long line of others predicting recession in 2013 if nothing is done on the fiscal cliff. all this hangs in the balance. all of us hang in the balance as well. why? because...
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Nov 17, 2012
11/12
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no oneays raising taxes on the rich would do anything to reduce the deficit. raising taxes to current levels for those families making over $250,000 a year would only raise $824 billion in revenue. not in one year, but over a decade. we have a trillion dol in debt each and every year. not enough to undo the sequester or so the company -- fr the country, that is, on the right track financially. it is becoming icreasingly clear is that the spending problem. the nation's federal tax revenues are rising. look at this. we are approaching the levels just before the great recession. nobody seems to be talking about what we need to heal. cut spending? congress? not a chance. that is what i think. drop me an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", our taxpayers would have come to the rescue again? ecutive vp is here with the answs next. and you ever feel like you're being watched? it could be google. find out how the internet giant is tracking your every move. and ever since the states legalize recreational use of pot, a rush is growing f
no oneays raising taxes on the rich would do anything to reduce the deficit. raising taxes to current levels for those families making over $250,000 a year would only raise $824 billion in revenue. not in one year, but over a decade. we have a trillion dol in debt each and every year. not enough to undo the sequester or so the company -- fr the country, that is, on the right track financially. it is becoming icreasingly clear is that the spending problem. the nation's federal tax revenues are...
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Apr 10, 2012
04/12
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>> i will not sign a plan that adds one dime to the deficits. all it will save taxpayers $1.3 trillion. >> it will reduce our deficit. >> it is fully paid for. fiscally responsible. and lift a decades long drag on our economy. >> the guy behind the study says not even close. and my guest was approved by president obama as a medicare trustee in 2010. you know the numbers, where are we leaded? what will happen? >> well, my study shows that what the passage of the health care law in 2010 has done to the federal budget it added $340 billion to projected deficits over the next 10 years under the best of circumstances if everything goes well under the law and potentially more than $500 billion to deficits under perhaps more realistic scenario. >>neil: that sounds worse than what paul ryan might have in mine. >>guest: well, that is right. the problem is this is not widely understood. because there have been a lot of analysis thrown around based off of government scorekeeping conventions which appear to show that the law makes it better rather than wors
>> i will not sign a plan that adds one dime to the deficits. all it will save taxpayers $1.3 trillion. >> it will reduce our deficit. >> it is fully paid for. fiscally responsible. and lift a decades long drag on our economy. >> the guy behind the study says not even close. and my guest was approved by president obama as a medicare trustee in 2010. you know the numbers, where are we leaded? what will happen? >> well, my study shows that what the passage of the...
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Dec 18, 2012
12/12
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given the fact we will add almost $10 trillion in deficits over the next 10 years whether either of the plans are enacted we will still have $21 trillion in debt by 2022. i thought maybe i would see the soldiers again. which makes me think thanks washington for nothing. they would do little to save the financial mess. gimmicks, all gimmicks. coming up, picking tea party favorite for the senate seat. reaction on what it means for the future of the g.o.p. copd makes it hard to breathe, but with advair, m breathing better. so now i cane in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to he improve ur lung function all day. advair won't replace fast-actininhalers for sudden symptoms and should not be used more than twice a day. pele with copd taking advair advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition if you're still having difficulty breathing, improve your lung
given the fact we will add almost $10 trillion in deficits over the next 10 years whether either of the plans are enacted we will still have $21 trillion in debt by 2022. i thought maybe i would see the soldiers again. which makes me think thanks washington for nothing. they would do little to save the financial mess. gimmicks, all gimmicks. coming up, picking tea party favorite for the senate seat. reaction on what it means for the future of the g.o.p. copd makes it hard to breathe, but with...
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Feb 14, 2012
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you name a single person who lost election because they stood up to obama on the deficit? or on spending? the republicans won races in 2010 and will win in 2012 by taking conservative positions and not moderating or compromising on the issues. >>neil: very good, thank you, chris wilson. >> they need to do it now without drama and without delay. no ideological side shows to gum up the works. in self inflicked wounds. >>neil: and the president is not letting up on them one bit making the g.o.p. to be nonstop obstructionist and even though all but snapping the olive branch in two. south carolina republican gem -- jim demint not impressed. good to you have, senator. >>guest: good to be back. unfortunately, republicans lost this battle when we agreed to it in the first place but the president demanded it over a year ago in order to continue the tax rates and we went for it but it is like political candy. once you give it to people it is hard to bring it back. why agree with temporary tax policy. it doesn't help the economy. and social security is already break. so, taking more
you name a single person who lost election because they stood up to obama on the deficit? or on spending? the republicans won races in 2010 and will win in 2012 by taking conservative positions and not moderating or compromising on the issues. >>neil: very good, thank you, chris wilson. >> they need to do it now without drama and without delay. no ideological side shows to gum up the works. in self inflicked wounds. >>neil: and the president is not letting up on them one bit...
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May 14, 2012
05/12
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different organizations would look at trade deficits. >>. i find it very hard to believe he's going to take them head on. . very, very. >> congrats on the book,est time to start thinking. there it is. thank you very much. edward luce, check it out. and next up here. >> now, what's wrong, compadre? you seem down. >> everybody says i have a big mouth. >> yaucheah. >> well, it's my big mouth that got things done this time, not his careful weighing of options. >> finally we have proof that vps may have secret powers. still have doubts about taking aspirin for tough pain? listen to what mvp justin verlander thinks about it. i would say the source of most of my muscle pain would be in my shoulder. my trainer kevin rand recommended it to me. i was kind of skeptical at first, but i tested it out, and bayer advanced aspirin relieved my pain fast. feeling 100% every start, every fifth day, i think definitely gives me a little bit of an edge. but don't take his word for it. put bayer advanced aspirin to the test for yourself at fastreliefchallenge.com
different organizations would look at trade deficits. >>. i find it very hard to believe he's going to take them head on. . very, very. >> congrats on the book,est time to start thinking. there it is. thank you very much. edward luce, check it out. and next up here. >> now, what's wrong, compadre? you seem down. >> everybody says i have a big mouth. >> yaucheah. >> well, it's my big mouth that got things done this time, not his careful weighing of options....
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Dec 10, 2012
12/12
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you cannot cut your way to deficit reduction. lou: tha's right. pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in many hes across america ad is a very, very lean tim. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetor of the absurd . senator reid's reason to be wary of reducing spending. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- lou: the senate's top democrat believes we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of th
you cannot cut your way to deficit reduction. lou: tha's right. pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of the house unveiling -- on dealing with the fiscal crisis one more time. >> in many hes across america ad is a very, very lean tim. you cannot cut your way to deficit reduction. lou: today said minority leader appeared to be trying to outperform policy and the political rhetor of the absurd...
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Feb 17, 2012
02/12
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they only grow deficits. >> i know. believe me, it wasn't easy and it's more of a spending issue and there's a lot of human tragedy because every dollar we're going to stop spending is going to come out of somebody's pocket. >> rick. >> what? >> you've come from chicago. chicago politics. you do not get elected by telling people what they're not going to get. >> bingo. hey, we have to end this segment. the stencil has moved to washington really may be modelled after illinois and chicago and draw your own conclusions about how that may turn out. >> let me borrow your hammer some time. thanks a lot, rick santelli. >> thank you. >> let's bring in chris thornburg and diana olick as well because he talked about housing mortgages and the state of the lending market. he basically said that even today the only borrowers that are having an easy time getting money or maybe the only ones getting money period, are those with pristine credit scores. take a listen. >> we need to make sure we work with owners of mortgages such that we
they only grow deficits. >> i know. believe me, it wasn't easy and it's more of a spending issue and there's a lot of human tragedy because every dollar we're going to stop spending is going to come out of somebody's pocket. >> rick. >> what? >> you've come from chicago. chicago politics. you do not get elected by telling people what they're not going to get. >> bingo. hey, we have to end this segment. the stencil has moved to washington really may be modelled...
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and harry reid, the deficit deficit, and if congress can deficit, and if congress can work together. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans in customers... to events that engage and create buzz... to e-mails that keep loyal customers comingack, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. america of loaded and they chose higher taxes even speaker of the house says maybe they could be on the table. >> for the purposes of the bipartisan agreement we're willing to except new revenue under the right conditions. gerri: the author of who is the fairest of the mall? i think what john boehner is talking about, stephen is close-up deductions and loopholes not raise taxes on the wealthy. >> that is what they have been saying over the last three years like the super committee barack obama of one the election andhey have consequences. he ran they would raise the tax cuts on the rich but i would say he does have a mandate so john boehner is and
and harry reid, the deficit deficit, and if congress can deficit, and if congress can work together. stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans in customers... to events that engage and create buzz... to e-mails that keep loyal customers comingack, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. america of loaded and they chose higher taxes even...
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Nov 12, 2012
11/12
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we have $16 trillion of deficit, deficits four years in a row. something has to be done. taxing the rich, even at $250,000 level or more, isn't going to be enough to fix the deficit situation alone. according to calculation i've done, that will get you somewhere in the ballpark of $380 billion if you let bush tax cuts expire for those people over ten years. now have you to look at what makes political sense because this is all about politics. democrats want to tax people at higher rates if they make more than $250,000. what we need is a compromise. that is $1 million. >> but you just said to me -- you just said to me that you're really not moving the needle, not getting the revenue you need by just taxing the $250,000 group, so you're getting less revenue by taxing the $1 million group. >> right, a little less. here's the thing. that's where you goat comprom e compromise. here's what's nice about the $1 million threshold up. only lose one-third of revenue. you still collect $250 billion, not enough but you eliminate 200 million from that group and only taxing 250,000 peop
we have $16 trillion of deficit, deficits four years in a row. something has to be done. taxing the rich, even at $250,000 level or more, isn't going to be enough to fix the deficit situation alone. according to calculation i've done, that will get you somewhere in the ballpark of $380 billion if you let bush tax cuts expire for those people over ten years. now have you to look at what makes political sense because this is all about politics. democrats want to tax people at higher rates if they...
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Sep 24, 2012
09/12
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the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very important survey. up 236 economists across the country working at the companies like procter and gamble, dupont, wells fargo. take a look at this. the majority, three-quarters of them set health care costs will continue to rise despite health reform. he also said 60 percent found -- they found 60% fewer employees, employers will report to the provide coverage. repeal the health care law. here is the other issue that is of importance here. a lot of media headline said that, look, these economists, the majority of them to cut the deficit by a mix of tax hikes and spending cuts. you really, the headlines here, the economists were talking about closing ta
the best way to reduce the deficit? higher taxes, spending cuts, or both? log onto gerriwillis.com and on the right hand side of the screen. ellis said the results of the end of tonight's show. meanwhile, that same survey of business economists shows that obamacare will not bring down costs. fat, they say it will severely hurt the economy in the long run. elizabeth macdonald here with the story. cheryl: a very important survey. up 236 economists across the country working at the companies like...
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Dec 12, 2012
12/12
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according to the poll, 65% want a compromise balanced deal to reduce the deficit. even if they have to reduce the entitlement program like medicare and social security and the republicans on have to support increase in tax rates for the wealthy. of course you were playing a lot of clips from people open to compromise. it does seem to be the broad parameter that want a balanced deal. that's what john boehner and president obama are currently arguing about. par are it's interesting, mark. you and the team noted the confusion, if you want. maybe because of the leadership. the headlines and the ap has the headline fiscal cliffs appear to be stalled and the hill's headline edge towards the deal and deficit reduction negotiations. are both true? >> both are true and you have to look at the totality of the story. today is wednesday and you and i have been having this conversation for a while. you have some type of deal as we are headed to this weekend. this is about the give-and-take. we saw the white house who reported they went from at one point $6 trillion in revenue t
according to the poll, 65% want a compromise balanced deal to reduce the deficit. even if they have to reduce the entitlement program like medicare and social security and the republicans on have to support increase in tax rates for the wealthy. of course you were playing a lot of clips from people open to compromise. it does seem to be the broad parameter that want a balanced deal. that's what john boehner and president obama are currently arguing about. par are it's interesting, mark. you and...
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Dec 31, 2012
12/12
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the ability to fund the deficit goes on without much hiccup at all. we're still paying low rates for borrowing. 1.7%. all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your head in the sand -- >> it's not. >> how did you miss the financial crisis? >> i have no idea what you're talking about, peter. i have no idea what you're talking about. i was one of the first reporters to report on the housing and the mortgage crisis. i'll show you the clips. >> you were one of the guys laughing on me when i was report -- >> like a lot of what you say is ridiculous. >> guys, guys. [ overlapping speakers ] >> time-out. >> something bad will happen eventually, peter. >> time-out guys. i have a question for you peter. you're predicting currency crisis and significan
the ability to fund the deficit goes on without much hiccup at all. we're still paying low rates for borrowing. 1.7%. all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your...
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Sep 29, 2012
09/12
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it's not a deficit reduction issue. and simpson bowles was. >> i disagree, my friend. if you get more of those people saying, i'm not going to have to pay a lot. and 8 out of 10 americans are for all americans putting some skin in the game. so, don't think you've got to-- >> and we're probably as well, but you don't have to get on your liberal high horse about that, but i'm saying the fact of the matter is it's out of control, that's all i'm saying, out of control. we're going to take a break and when we come back, it used to be that. >> i love that idea of watching someone become an activist, so many of the issues that are important to me, like want to get to my knees and thank them. >> anyway, even the star of the latest fox movie "won't back down", well, we'll be covering the upcoming presidential debates, and the president and vice-president, and this wednesday, colorado, hollywood stars are all over it and why not i'm covering it. continues on fox business network, and each night, 8 p.m. eastern time right through midnight, so. get fired up. >> you go crazy with y
it's not a deficit reduction issue. and simpson bowles was. >> i disagree, my friend. if you get more of those people saying, i'm not going to have to pay a lot. and 8 out of 10 americans are for all americans putting some skin in the game. so, don't think you've got to-- >> and we're probably as well, but you don't have to get on your liberal high horse about that, but i'm saying the fact of the matter is it's out of control, that's all i'm saying, out of control. we're going to...
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Jun 14, 2012
06/12
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we know what you came into but you took a deficit and you blew it up. you took a debt and you expanded it significantly and roamed unemployment would be below 8 percent and it hasn't been for any months in your administration. so they look as these things and say "enough is enough," obama, the president is correct in the strategy up to about now but right about now is the pivot point, and if he doesn't listen he will be in deep trouble in september. >>neil: now when you look at the economy, that i imagine is the dominating issue, while you are here i wanted to talk about what going on in europe because a lot of people feel it is europe, not us. as soon use get an indication that it is you will quickly get over that notion. and it could come as soon as next week if markets take a shellacking or companies affected by this. then what? legislation is an ad campaign that what happened in greece could happen here. what happens if we have a very hot summer? the same protests over there happened here. there is not that great a difference between the yelling and
we know what you came into but you took a deficit and you blew it up. you took a debt and you expanded it significantly and roamed unemployment would be below 8 percent and it hasn't been for any months in your administration. so they look as these things and say "enough is enough," obama, the president is correct in the strategy up to about now but right about now is the pivot point, and if he doesn't listen he will be in deep trouble in september. >>neil: now when you look at...
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Oct 3, 2012
10/12
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Dec 31, 2012
12/12
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i want it to go for deficit reduction. but that's not what we're hearing. >> the sequestration delay that republicans would like to see a 30-day delay. take it to the march deadline for the debt limit. the democrats want to go further out. what would you accept? >> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to the next debt limit discussion. that just doesn't work. the sequestration has to go forward as it is written as the president signed into law. remember all of this, the tax piece, the sequestration and don't forget obama care taxes, all of those were things signed by the president. clearly he wanted this scenario, or he wouldn't have signed those pieces of legislation. >> i would like to push a bit more on bill's previous question about tax hikes. because if i'm not wrong and do correct me if i'm wrong, you have said before that you would not vo
i want it to go for deficit reduction. but that's not what we're hearing. >> the sequestration delay that republicans would like to see a 30-day delay. take it to the march deadline for the debt limit. the democrats want to go further out. what would you accept? >> the sequestration was signed into law by the president 18 months ago. it takes effect january 2nd. it was an important part of the last debt limit discussion. there's no way in the world that you can play that forward to...
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Jun 21, 2012
06/12
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that says we need to reduce our deficits so the cuts go to reduce deficit and the additional revenue goes to deficit reduction and our argument has been we need a balanced approach because if you say from the beginning you are not going to get one penny of additional revenue it means you have to whack everyone else hard irso you have to transfer more costs to seniors on medicare. median income is $23,000. >>neil: you think we are closer to something this >>guest: i'm not sure we are. grover norquist may be able to report on his meeting but the reality is, neil, 98 percent of house republicans have signed a pledge and under the interpretation of the pledge, if you close one tax loophole or get rid of one subsidy you cannot use that dollar to reduce the deficit. under the prejudice. that is a violation of pledge. hopefully maybe increase deficit will be changing his interpretation. >>neil: thank you, congressman, all good do see you. >>neil: the backdrop is a down day on the dow, 250 points to 12,573 with financial issues among the strongest hit today, those are banging issues and insu
that says we need to reduce our deficits so the cuts go to reduce deficit and the additional revenue goes to deficit reduction and our argument has been we need a balanced approach because if you say from the beginning you are not going to get one penny of additional revenue it means you have to whack everyone else hard irso you have to transfer more costs to seniors on medicare. median income is $23,000. >>neil: you think we are closer to something this >>guest: i'm not sure we...
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Oct 18, 2012
10/12
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with the current deficits. think that the 49% sounds a lot, but think about who pays that for an upper middle class citizen, pays 80% of his income in taxes in denmark, not just income tax -- gerri: how much? repeat that. >> 80%. think incomeax is 60%, capital gains is 42%, sales tax at 25%. car tax is 200%. it all adds up. gallons gasoline is $10. gerri: you have 20% leftover. >> that's the middle class tizen. gerri: why do people say? >> it's a nice country apart from at. gerri: you can get money from the government; right? >> when you add it up, it runs fast. gerri: you are here to warn us we're on the road to greece, change our ways. >> i'm here to point out, i'm doing a speaking tour at the moment on european socialism and what itmplies. some othe stuff ientioned here, and what's sad is it employs building entitlement prrams creating vick tips, people that other side would have had productive good lives get convinced by the government -- gerri: the problem is not just the money, but the people living under
with the current deficits. think that the 49% sounds a lot, but think about who pays that for an upper middle class citizen, pays 80% of his income in taxes in denmark, not just income tax -- gerri: how much? repeat that. >> 80%. think incomeax is 60%, capital gains is 42%, sales tax at 25%. car tax is 200%. it all adds up. gallons gasoline is $10. gerri: you have 20% leftover. >> that's the middle class tizen. gerri: why do people say? >> it's a nice country apart from at....
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Nov 10, 2012
11/12
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it is folly to think it will lower the deficit. raising taxes on cigarettes and gambling it is it a spending problem and give the government more power and money to spend. >> colorado said it would bring in 20 million. >> legalize other things like big cars and tax the gasoline and legalize. honestly. legalize light bulbs that work i hope it is crenimialized. >> coming up. new worries that grid lock is here to stay in dc. profit from it with the stocks that heat up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. >> we are back on stocks . we are talking about how preponderance histories might benefit from it. >> gold man
it is folly to think it will lower the deficit. raising taxes on cigarettes and gambling it is it a spending problem and give the government more power and money to spend. >> colorado said it would bring in 20 million. >> legalize other things like big cars and tax the gasoline and legalize. honestly. legalize light bulbs that work i hope it is crenimialized. >> coming up. new worries that grid lock is here to stay in dc. profit from it with the stocks that heat up. [ male...